“The fact that Mr. Trump's $110 billion arms deal with Saudi Arabia on Saturday is being hailed as a boost for American jobs, his more conciliatory and statesmanlike tone toward Muslim leaders is being applauded, as is his closer working relationship with China’s President, Xi Jinping.It perhaps shows that Trump is — finally — appreciating the value and importance of good foreign relations.”

Nigel Green, deVere Group founder and CEO, discussing the impact of Trump’s visit in Saudi Arabia over the weekend. Green continues to say in a statement that Trump remains mired by a series of scandals that will face investigation for the rest of the year.

There are four reasons Green considers Trump the largest threats to the global markets, bypassing concerns about a recession in China. Here are Green’s four Trump threats.

The ongoing scandals could quite feasibly distract the Trump Administration from its agenda of tax cuts, deregulation, infrastructure spending and other pro-business legislative measures, which are hoped to have beneficial effects for investors.

Trump appears to be less of a geopolitical risk now that he was at the beginning of his tenure. Whichever way you look at it, his administration is chaotic and unpredictable – and history shows that financial markets loathe uncertainty. This was demonstrated by last week’s panicked sell-offs.

With such media scrutiny, investors could miss other important geopolitical and economic risks that could affect markets and, therefore, returns. These include the downturn in China’s credit impulse that could create an important drag on Chinese growth in the near future. Of course, this could have serious and far-reaching consequences – yet, few people are as interested in this, or other key risks, as they are in Trump.

It could be reasonably argued that a market correction is needed and that Trump and the scandals following him could be the catalyst for this.

Not only is this a better title for Elizabeth Warren’s next book than her current one… but also Bloomberg dives into the “giddy messages,” the interesting relationship between Citigroup and the collapsed investment firm, and the seven-letter word Marc Pagano, head of emerging-markets credit trading, used to describe AIG.

“There is broad agreement that the United States urgently needs to invest in its rapidly aging infrastructure,”

The statement continues: “This will create well-paying American jobs and will lay the foundation for stronger long-term economic growth.”

What it doesn’t say… “Oh, and we’re going to MAKE $$$ in the process.”

“In light of the scant progress made on tax reform to date, the probability of a meaningful fiscal boost ahead of the 2018 midterm election had already appeared to be declining before the latest events, and has declined slightly further since.”

From the current issue of

MODERN TRADER explores the effect of a potential trade war on U.S. equity markets. Will it end the bull run or will low interest rates allow U.S. equities to maintain its momentum? Read on. We also attempt to identify the key drivers of active equity hedge funds.